The 24 Risks of Equities with Michael Saylor

Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik sits down with Michael Saylor, the Executive Chairman of ‪@microstrategy‬ a publicly traded business intelligence firm he founded in 1989. He founded and serves as trustee for the Saylor Academy, saylor.org, a non-profit organization that has provided free education to over 1 million students. He is an advocate for the Bitcoin Standard (hope.com). In this episode, he walks through 24 risks present in the stock market & with companies, and how bitcoin circumvents those risks to offer an arguably superior investment alternative.
Follow Saylor on Twitter: / saylor
0:00-4:48 - Introduction
4:47-6:31 - #1: Governance Risk
6:32-7:38 - #2: Operational Risk
7:39-9:30 - #3: Strategic Risk
9:31-10:24 - #4: Financial Risk
10:25-15:12 - #5: Competitive Risk
15:13-16:25 - #6: Technology Risk
16:26-18:26 - #7: Political Risk
18:27-21:30 - #8: Facilities Risk
21:31-23:59 - #9: Regulatory Risk
24:00-27:52 - #10: Employee Risk
27:53-35:10 - #11: Vendor Risk
35:11-39:20 - #12: Customer Risk
39:21-41:18 - #13: Reputational Risk
41:19-43:58 - #14: War Risk
43:59-50:53 - #15: Currency Risk
50:54-51:33 - #16: Tax Risk
51:34-52:12 - #17: Weather Risk
52:13-57:04 - #18: Customs Risk
57:05-59:08 - #19: Legal Risk
59:09-1:00:24 - #20: Tort Risk
1:00:25-1:07:29 - #21: Patent Risk
1:07:30-1:10:48 - #22: Health Risk
1:10:49-1:12:20 - #23: Lifecycle Risk
1:12:21-1:13:23 - #24: Dilution Risk
1:22:12-1:25:06 - History of Disney
1:25:07-1:37:04 - Saylor Summarizes
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Block Height 776705
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[@chrishayes8012]

We are very lucky to have Saylor. He’s a gift to humanity.

[@brooksbutler8256]

Saylor is just unreal. And kudos to the interviewer for not interrupting

[@Peranine]

Does he even look at a note? I don't ... how.

[@cryptoprepper2933]

There is really no reason to have anxiety about interviewing MS. Just pick 1 good question and let him go lol

[@littlegreen6355]

Signed, on both points. :)

[@keylanoslokj1806]

When you make an exchange in Binance for example. Do you trade directly with other users? If one of them goes to the court for a serious crime like human trafficking or money laundering. Can the court detect you and call you too as an associated suspect?

[@pdinfull]

One of saylor's best, and yeah not interrupting him helped make it very enjoyable.

[@jamesh.4375]

I'm at the 57 minute mark and Saylor hasn't stopped talking and hasn't taken a sip of water. Incredible. :)

[@vidalskyociosen3326]

Intelligent people don’t drink water much, even Nikola Tesla don’t eat much.

[@overbuiltlimited]

​@@vidalskyociosen3326what a strange thing to say. There are plenty of hydrated intelligent people, just like there are plenty of overweight intelligent people in the world.

[@ricknewton3210]

Kudos to Nik for putting his quarter in, letting Saylor go, and staying out of his way! Takes great humility & self-awareness to do that - especially when you are a thought leader and great communicator in your own right.

[@markpalmer8083]

He's the sharpest pencil in the box.

[@kinaankayasseh1231]

Literally the most beautiful salesperson for bitcoin. Think about what he’s doing. It’s legendary. Changed my life completely

[@UnderstandingBitcoin]

Another masterclass from Michael Saylor. Dude literally thinks about every aspect of financial risk.

[@ericwilson2632]

I have a new view about my company, from him, manage risk and every got dam thing else...

[@stereodachs]

The most rational brain on earth = Michael Saylor ❤

[@phosej]

Nik you are the best Saylor interviewer!

[@jonbecherer5103]

M. Saylor goes beast on the mic yet again

[@PeeedaPan]

He's like a modern day Marcus Aurelius

[@waynerichardson1051]

Marcus was cool ...but his last big decision regarding his son was a major fuck up!! Let's hope Michael learnt from that!!

[@artpatron719]

saw Nik at 4 minutes and then it was the Saylor show. The man can talk.

[@robdotreynolds]

This is a video you need to watch twice......then listen in the car .... Michael Saylor could make reading the Telephone Book sound interesting.

[@IdaelDiaz]

We need at least one per week of this style

[@jemalsd8877]

this man is just unbelievable

[@irb5906]

Incredible, Michael Saylor that was a gift

[@peanut9051]

If I heard this 30 years ago about being in business I would have jumped 10 years ahead of where I started out. The BTC argument is very sound but the business knowledge that Michael has is incredible.

[@QDogg]

It's like he's telling you the faults of equities and real estate, but nobody has ever explained all of the risks in such comprehensive detail. We've never considered what "perfect property" or what a "perfect equity" looks like until you see Bitcoin and compare it versus other asset classes.

[@shifu9276]

Better Bitcoin salesman than a company chairman.

[@QDogg]

@@shifu9276 A good product/technology sells itself. Bitcoin is this.

[@rustyshackleford6637]

@@QDogg it's right there infront of us

[@Cryptocrewiuniversity]

Connect 👆 me through telegram mail ❤❤❤❤❤

[@rodkagy1873]

This guy is the new thought leader of this Century

[@larsvongraff5794]

Damn! Freaking master class on equity risk and it was free. Thanks Nik for the booking. Nicely done Michael Saylor. Most appreciated.

[@robert.dillon]

Cant believe Saylor only got in in 2020 and he's now such a goat!

[@msporter1]

Michaell Saylor is Brilliant

[@orsonvega8516]

So in the end, you understand that Bitcoin has less risk than the other options Great video Kudos to the interviewer

[@keylanoslokj1806]

Yeah but if you trade on an exchange everything is recorded. The other day a guy unknowingly traded with a guy who was caught money laundering. And the court semd him a notice to confess as a potential associated suspect

[@fredericp64]

I love Saylor. He gives interviews even to the smaller (for now ;) ) channels!

[@arthur78]

I saw him give an interview to a channel that literally had only 4 subscribers.

[@fredericp64]

@@arthur78 he knows BTC got here because of the little guy!

[@jonatanduelund9123]

Absolutely fantastic! Thank you Michael Saylor and thank you interviewer/uploader! 👍 *subscribed* 🦻

[@stevekalka3987]

How can I get a job where I introduce someone and they speak for 90 minutes? 🤣 This episode is basically a free MBA on risk.

[@Cryptocrewiuniversity]

Connect 👆 me through telegram mail ❤❤❤❤❤

[@richmondmensah923]

this man is superior ❤

[@marktaylor3921]

Saylor may be retired from the CEO job at MSTR but he is not going away to sit on a beach in Thailand. Those people get "Bored out of My Mind" in no time. Michael has a secondary job, and it has purpose and meaning, well done, well done!

[@Cryptocrewiuniversity]

Kick👆 me through telegram mail ❤❤❤❤

[@usaman7358]

Been to Thailand many, many times. Nothing boring about it. But I hear ya. ;)

[@awolgeordie9926]

The final 10 minutes. Outstanding.

[@kbs7340]

Michael Saylor is my hero 💖

[@garykaul-ke8bp]

UNBELIEVABLE! WELL DONE MICHAEL!!! .

[@MB-oj5wm]

This dude is genius level. Full stop

[@osx86x]

Hands down, this segment is far more valuable than any finance and economics lecture I've attended at University. I'm concerned how many people will dismiss this video because it has the word 'bitcoin' in the channel, yet the content discussed is far more reaching. Secondly, if it is not worth undertaking these risks, then is there any point in producing anything?

[@e350mn]

Think about that. You can obtain the same amount or more knowledge just by watching KZbin videos than someone who paid $150,000 for a degree from a top university.

[@prasun6084]

True masterclass👍

[@TheBitcoinExperience]

The kind of financial and investment education delivered by Saylor in this episode, alone, for FREE, is more than you'll get from any Ivy league school where you'll get in hundreds of thousands of dollars in debt

[@johndrake3472]

Everyone should listen to this - phenomenal

[@thorarthur66ddz]

Mr. Saylor is so insightful. Outstanding presentation on equity risk.

[@Garce227]

First class education.🙏 both for sharing your knowledge🎉

[@jimnichols5584]

So much wisdom. Yet the concept of sell a share of a company was started in 1611 by the Dutch East India Company in order to raise money. But it has taken until today when MS debunks to whole notion of stock ownership due basically because the underlying money system is collapsing to zero.

[@lambchoppa3718]

So enlightening 👏

[@alexandrelamarre7586]

So glad I have my money with this guy. $MSTR

[@Cryptocrewiuniversity]

Connect 👆 me through telegram mail ❤❤❤❤❤

[@dingfeldersmurfalot4560]

Damn, I had no idea I would learn so much from this video. Just a remarkable presentation of incredibly interesting content!

[@anitasito1]

I love listening to Michael Saylor 😊 I think he’s just brilliant 🔥

[@TheBitcoinLayer]

We agree!

[@rubenortega6088]

Another master class on Bitcoin vs everything else. Bitcoin is going to consume everything that has monetary value.

[@morganparker7865]

That was great Michael! I hope to meet you one day.

[@bamnjphoto]

This is a great understanding of investment risk in general

[@vinnieb4257]

Great Job Nik! You are with the GOAT!

[@souravsahu4727]

Awesome explanation of saylor

[@robertstachurski3346]

Saylor You are the man 🤝✌️

[@CHHSFans]

Listening to him is like getting an accelerated MBA - for free and way better He has lived all these risks for 30 years, including the recent frivolous lawsuits against him by the DC AG

[@benleduc7709]

So true! This is really better than traditional educational information from professors that have no experience.

[@lookatthetrees7494]

Michael Saylor can talk for ever. We can listen to him forever. 👍

[@arekurbanski6927]

Like always, legend

[@dtb7872]

Saylor is awesome, great deep thinker, helping us to see things more clearly

[@2020_vizion]

Good interview, thanks for sharing.. looking forward to the follow up.

[@cesuntbanii]

It's quite simple: if the economy runs on hard money with a capped suply, then each monetary unit acts as a stock/share of that economy - like an index stock because it will perpetually capture the productivity created in that economy. It will capture all productivity not just that of companies listed on the stock exchange. It has multiple benefits because you're both safe (with savings) and liquid (can spend it/transfer it directly almost without cost). That's what money is supposed to be...

[@julianramirezluna1422]

Great show! Thank you Michael

[@RamonFernandez-zp8ji]

Best class ever had about business risks!

[@Steve.191]

Another great show thanks 👍

[@VMac-eg7fb]

Excellent Michael, very thorough, each presentation loosens the sword bit by bit, consensus a gnarley goal, truth it's life's blood.

[@gowinidea]

Love Michael Saylor. What a man.

[@bujin5455]

Saylor was in top form! This one is a classic!

[@vedicwarriorOriginal]

Legendary! This podcast is one for the ages! 👍👏

[@Cryptocrewiuniversity]

Connect me through 👆telegram mail ❤❤❤❤❤

[@lambchoppa3718]

Jesus Christ!! Like the effing guy is just the best bitcoin salesman I could ever hope for 🤣🧡💯

[@keylanoslokj1806]

He is a whale and he manipulates the market to his benefit that's all

[@TheBitcoinRevolution]

Only Saylor. Visionary.

[@NorthernMonkey2]

This boy can talk, but he is very smart.

[@channelbitcoin21M]

Business school distilled into a 98 minute lecture but this edition contains integrated information about Bitcoin, by Mike Saylor. This talk is actually more valuable than a $60,000 undergrad education. Hard to fathom that anyone can access this content on demand for free from a device we carry around in our pocket. It’s a new epoch for the species, we’re hyper-hominids now.

[@julietrapp1764]

The only stock I want to own is MSTR. It's going to go up forever.

[@calvin1736]

saylor is going to be the richest public man the world has ever known if he survives

[@peanut9051]

He slipped a few interviews ago and said “when we give this away” - I have a feeling he will be the worlds biggest philanthropist. 😊

[@markpalmer8083]

If he survives what? The gun culture of America?

[@klemenkoncan3895]

He already said on multiple occasions that after his death his money will be endowed to Saylor Academy to give out free education to the world. Kind of sad to see him not fathering any children, but nonetheles he will make sure his wealth finds the most valuable use.

[@ILostThemInABoatingAccident]

100% agree!

[@teambitcoin7530]

There's only problem is he bought a lot of Bitcoin at high prices so cheerleading has become a full-time job

[@ParvizMalakouti]

As a lawyer, I find Saylor's comparison of lawyers to parasites deeply offensive...to parasites.

[@jonbecherer5103]

Incredible. Thank you.

[@reginaldedgardo3530]

The market is very unstable and you can not tell If it's going bearish or bullish. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses.When these reports are bullish take some off to the side lines, when news gets bearish start buying. "Keep it simple simple" that bear/ correction was the best thing that happened me. But all Thanks to Eric Birger for his amazing skills for helping me to earn 15.6 Btc through trading chart. I believe we are in the spring phase..

[@misssophie15]

Truly to build wealth during a recession, you should focus on where you can save money and invest in foreign currency.

[@BrodieMcCoy279]

The process of trading can be complicated when you have limited knowledge. However, with the right strategy and setups, you can be successful. That's the whole point of investing.

[@westerntree1]

All i wanna do is study his strategy, i want to know what makes him Unique and most importantly earn some good money.

[@reginaldedgardo3530]

@@westerntree1 @EricBirger VlA t e I e g r am..,.,

[@dm09aaj]

I used to be a great fan of gold and silver, but then I discovered Bitcoin and Ethereum a few months ago. Trading with Eric Birger has been extremely beneficial to me along my trip.

[@marpalpalmer8337]

Thank you Michael S

[@bitcoinmoc]

What an amazing rant!

[@williameberle4250]

Stunning.

[@darbsllim]

Very nice presentation

[@LearnCryptoADA]

Make the next video about the risks of owning Bitcoin like scams, theft and quantum computer. Would be interesting too. Thanks. Great informative video 📸

[@suunt12]

Amazing.

[@Meta4Monky]

I have been waiting, but after watching this I began weekly recurring purchases for this cutting edge, limited, monetary ledger, digital technology.

[@joegoloso]

Lol "I look forward to our next conversation"

[@harriedebullebak858]

The whole show is Michael talking. Nik could just asked 1 question and go hiking for 2 hours, come back and say thanks for that conversation Michael!

[@joegoloso]

@@harriedebullebak858 exactly 🤣

[@johndaly6497]

Amazing

[@mlbonfox8199]

Awesome

[@JeremyHelm]

I'm halfway through this, and wondering, is Nik still there?

[@JeremyHelm]

1:37:04 Nik is back! Or maybe he was there the whole time...

[@Reachdre]

Captain Saylor please sail us across the troubled waters .

[@pierogalante7734]

perfect

[@mlbonfox8199]

Unbelievable podcast

[@12kvisions]

Michael Saylor - a natural-born educator - wow!

[@2nostromo]

Wow.

[@amorfati4096]

Q: what is Risk? Ans: Equity is called risk 😂

[@masterbtcltc]

Agreed Bitcoin and Litecoin are digital scarce assets and are becoming the money of the world.

[@kv9705]

Giga chat!

[@colortechsp]

🐐

[@JohnLyonsRealEstate]

Incredible talk! Thank you both, I learned a lot.

[@Zoofactory]

What a finish…

[@benleduc7709]

Is that an El Salvador flag on the model ship?

[@aethom10]

by Michael Saylor*

[@rsb8653]

Can we have a series on the 24 risks of bitcoin next

[@harriedebullebak858]

You didn't watch it did you?

[@rsb8653]

@@harriedebullebak858 all of it

[@kevinoconnell2941]

MS Boom 💥

[@edog4011]

❤❤❤

[@gusgalvanini]

Where is this interview at? The full 1

[@TheBitcoinLayer]

This is the full interview. Also available on podcast streaming platforms.

[@pmc9194]

@@TheBitcoinLayer By Michael Saylor standards this would be considered a KZbin Short - and I'm all the more grateful!

[@GeorgeGABaker]

Michael, give a comment on COPA vs Dr. Craig Wright next month please.

[@Shubham-lw8ni]

saylor is genius